Kisan Vikas Patra Encashment and Withdrawal

by AcharyaLast Modified: January 8, 2018

SHARE

Sharing is caring! Share this article with your friends!

SHARE

Kisan Vikas Patra Encashment and Withdrawal

Kisan Vikas Patra Encashment:

The facility of Kisan Vikas Patra encashment can be availed only at the Post Office from which it was issued. In case it is not possible to encash at the same Post Office, certain formalities have to be completed before this can be done. The most important document to submit in this case would be the identity slip that the owner must have for Kisan Vikas Patra encashment.

KVP Premature encashment is also possible after the lock in period of two and a half years from the date of issue of the Kisan vikas Patra. The KVP holder is eligible to get the principal amount invested along with interest that is less than the full rate that would normally have been given.

KVP Withdrawal:

Preparing for CA Final? - Must read below

CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better. Watch demo videos below -

KVP investments have a maturity period of 100 months, which is a total of 8 years and 4 months. However, the minimum lock-in period is 30 months, which is 2 years and 6 months, after which, a pre-defined amount can be withdrawn. The interest will be pro-rated accordingly. Premature withdrawal of entire amount invested in KVP is not allowed. The same is allowed only in the event of the demise of the certificate holder or due to a court order or forfeiture of the certificate under a pledge.

Kisan Vikas Patra Encashment and Withdrawal

CAKART

At CAKART www.cakart.in you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit www.cakart.in and chat with our counsellors any time. We are happy to help you make successful in your exams.

.

www.cakart.in.

Click Here to download FREE CA CS CMA Text Books.

Preparing for CA Final? - Must read below

CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better. Watch demo videos below -

SIGN IN

Email *

Password *

Important Note – Preparing for CA Final?

CAKART provides India's top CA Final faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get CA Final video classes from CAKART.in. Quality is much better than local tuition, so results are much better.